Not only the price of Bitcoin: factors that affect the profitability of the BTC miner

in #cryptocurrency • 3 years ago

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The ongoing cryptocurrency bear market has led to a massive decline in the profitability of Bitcoin (BTC) mining as BTC mining expenses exceed the price of Bitcoin.

Closely linked to the drop in the price of BTC, the profitability of Bitcoin mining has been plummeting since late 2021 and reached its lowest levels of several months in early July 2022.

Details: https://www.investing.com/news/cryptocurrency-news/not-just-bitcoin-price-factors-affecting-btc-miner-profitability-2852330

#bitcoinprice #miningprofitability #massivedecline
3 years ago in #cryptocurrency by
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     3 years ago 

    Your post was upvoted and resteemed on @crypto.defrag

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